Wire · regulatory
Africa's largest crypto market opens central bank sandbox to stablecoins and virtual-asset firms
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Fusion42 · 12 August 2026 · Fusion42 review
Nigeria's central bank has launched a dedicated regulatory sandbox track for stablecoins and virtual asset service providers, allowing supervised product testing to bring one of Africa's largest crypto markets under formal regulation. This marks a shift from previous restrictions towards active oversight in a market that saw over $92 billion in crypto value in the past year.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Nigeria just opened a direct regulatory testing path for stablecoin and virtual asset firms, signalling a formal market opening. You in fintech should prepare for early engagement as this sandbox offers a rare chance to enter Africa's largest crypto economy under central bank oversight.
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1 source · 12 Aug 2026
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